PART 6PRIVATE PENSIONS

Transfer of pension benefits

I132Automatic transfer of pension benefits etc.

Schedule17—

a

requires the Department to make regulations under which, in certain circumstances, the cash equivalent of a person's accrued rights to benefits under a pension scheme must be transferred to another scheme of which the person is an active member;

b

permits the Department to make regulations requiring accounts relating to a person's accrued rights to benefits under a pension scheme to be merged in certain circumstances.